This property looks like a bad Airbnb investment with a projected -12.46% first-year return on $78,942 initial cash invested.
-12.46%
Cash On Cash
3.39%
Cap Rate
0.53
DSCR
$2,264
Rent
-$820
Cashflow
Cash Flow
$2,264 income − $3,084 expenses = $820 out of pocket
Investment Breakdown
|
Purchase Price
$290k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$78,942
Downpayment
20%
$58,040
Closing costs
1%
$2,902
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,264
Total Expenses
$3,084
Mortgage P&I
68%
$1,550
Property Taxes
14%
$327
Home Insurance
5%
$119
HOA
0%
$0
Property Management
15%
$340
CapEx
4%
$91
Vacancy
0%
$0
Maintenance
4%
$91
Other
25%
$566